Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) Short Interest Update

Neuberger Commodity Strategy ETF (NYSEARCA:NBCM) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 45,153 shares, a drop of 37.1% from the August 31st total of 71,811 shares. Based on an average trading volume of 84,523 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of Neuberger Commodity Strategy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NBCM. World Investment Advisors purchased a new position in Neuberger Commodity Strategy ETF in the first quarter valued at $1,412,000. HB Wealth Management LLC acquired a new position in shares of Neuberger Commodity Strategy ETF in the 2nd quarter worth approximately $257,000. Finally, Bank of America Corp DE acquired a new stake in Neuberger Commodity Strategy ETF in the first quarter worth $384,000.

Neuberger Commodity Strategy ETF Price Performance

Shares of NYSEARCA NBCM traded down $0.33 during midday trading on Friday, reaching $30.79. The company’s stock had a trading volume of 26,745 shares, compared to its average volume of 73,329. The stock has a 50 day simple moving average of $30.34 and a 200-day simple moving average of $29.05. Neuberger Commodity Strategy ETF has a fifty-two week low of $22.13 and a fifty-two week high of $32.52.

About Neuberger Commodity Strategy ETF

The Neuberger Berman Commodity Strategy ETF (NBCM) is an exchange-traded fund that is based on the Bloomberg Commodity index. The fund is actively managed to provide long and short exposure to the broad commodity market. The fund utilizes a subsidiary to invest in commodity-linked derivative instruments. NBCM was launched on Aug 27, 2012 and is managed by Neuberger Berman.